Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend

Rhea-AI Summary

Atlantic Union Bankshares has announced its quarterly dividend declarations. The company will pay a common stock dividend of $0.34 per share, maintaining the same level as Q4 2024 and representing a 6% increase from Q1 2024. Based on the January 30, 2025 closing price of $37.41, this translates to a 3.6% dividend yield. The payment is scheduled for February 28, 2025, with a record date of February 14, 2025.

Additionally, the company declared a quarterly dividend on its Series A preferred stock of $171.88 per share ($0.43 per depositary share), payable on March 3, 2025, to holders of record as of February 14, 2025.

Positive

• Maintained quarterly dividend at $0.34 per share
• 6% year-over-year dividend increase from Q1 2024
• Attractive dividend yield of 3.6%

Negative

• None.

RICHMOND, Va.--(BUSINESS WIRE)-- The Board of Directors (the “Board”) of Atlantic Union Bankshares Corporation (the “Company”) has declared a quarterly dividend of $0.34 per share of common stock, which is the same as the fourth quarter of 2024 and a $0.02, or an approximately 6%, increase from the dividend in the first quarter of 2024. Based on the Company’s common stock closing price of $37.41 on January 30, 2025, the dividend yield is approximately 3.6%. The common stock dividend is payable on February 28, 2025 to common shareholders of record as of February 14, 2025.

The Board also declared a quarterly dividend on the outstanding shares of the Company’s 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A preferred stock”). The Series A preferred stock is represented by depositary shares, each representing a 1/400^th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on March 3, 2025 to holders of record as of February 14, 2025.

About Atlantic Union Bankshares Corporation

Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank had 129 branches located throughout Virginia and in portions of Maryland and North Carolina as of December 31, 2024. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250131094840/en/

Bill Cimino, Senior Vice President and Director of Investor Relations 804.448.0937

Source: Atlantic Union Bankshares Corporation

FAQ

What is Atlantic Union Bankshares' (AUB) current quarterly dividend per share?

Atlantic Union Bankshares' current quarterly dividend is $0.34 per share of common stock.

When is AUB's Q1 2025 dividend payment date?

The dividend payment date is February 28, 2025, for shareholders of record as of February 14, 2025.

What is AUB's current dividend yield based on recent stock price?

Based on the January 30, 2025 closing price of $37.41, the dividend yield is approximately 3.6%.

How much did AUB increase its dividend compared to Q1 2024?

The current dividend represents a $0.02 or approximately 6% increase compared to Q1 2024.

What is the dividend amount for AUB's Series A preferred stock?

The Series A preferred stock dividend is $171.88 per share, equivalent to $0.43 per depositary share.